Alert: Rating Downgrade (12/15/23)-Citi Trends Inc (NASDAQ: CTRN).


Stock Rating Downgrade

The Value Trend Rating for Citi Trends Inc (NASDAQ: CTRN) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.


Recent Price Action

On 12/15/23, Citi Trends Inc (NASDAQ: CTRN) stock declined modestly by -1.7%, closing at $24.37. Moreover, trading volume in this decline was above average at 129% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.1% during the last week.

Current PriceTarget Research Rating

CTRN’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.

Citi Trends has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Citi Trends has a poor Appreciation Score of 26 but a very high Power Rating of 96, producing the High Neutral Value Trend Rating.

Be the first to comment

Leave a Reply

Your email address will not be published.